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In this tutorial on writing a contract termination letter, it's emphasized that this letter is a formal business notice sent to end a contract-based arrangement. The process begins with including your personal information, either as a header or aligned to the left, which should consist of your full name and three contact details: home address (formatted with number, street name, city, state, and zip code), phone number (including area code), and email address. Additional contact information is optional. Following this, the next steps involve detailing the information about the recipient and the contract itself.